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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Loan Program

A loan program is the description used by an investor to market a group of loan products. Mortgage industry investors publish loan program guidelines that detail term, property type and borrower credit characteristics for loans they will purchase. A loan program can have many loan products that fall underneath its umbrella. For example, the investor may have a loan program type of "Conforming Fixed" and underneath the "Conforming Fixed" program umbrella the investor may offer 10-Year, 15-Year, 20-Year, 25-Year and 30-Year "Conforming Fixed" products.

See Loan Product
See Correspondent Lending and Mortgage Loan Production Overview
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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.